Sports halls on the site, their transportation and meals: The Republican Party floats a tax on office privileges
Taxes can be imposed on office workers due to privileges such as gyms on the site, parking lots, transportation and free meals under the proposal of Republicans in the House of Representatives to pay the price of the tax discounts of President Donald Trump.
Trump wants trillion dollars trillion, and many advantages currently offer employers are excluded from taxable income. Making it is a taxable one of many options in a list of 50 pages of Republican Party ideas on how to cover the cost of the tax reduction and the immigration campaign bill, The New York Times reported.
The imposition of taxes on employees on their privileges can generate about $ 157 billion over 10 years, according to Republican estimates, CNBC mentioned.
Workers may have to pay the income tax on the fair market value of the additional benefits they receive unless employers decide to cover some or all the tax burden. Companies can also decide to eliminate privileges.
This may lead to a decrease in morale and productivity, especially among the employees who were assigned to return to the office at least three days a week. Some companies, including Amazon, Goldman Sachs and JPMorgan Chase, require five days a week.
“If you start imposing fees on employees for parking lots when they have free parking lots forever, then this will be many non -happy employees.”
Congress discussed this type of tax before, but it did not gain much traction. Tax experts said that there are other easier options in implementation and less likely to arrange the voters.
“I don’t think it will be common for employees, making it difficult for his age,” Dustin Stamber, Commander of the Legislative Legislative Affairs at the National Tax Office in Washington, told CNBC. “There are some real political aspects of some of these [proposals]”
Legionships are trying to determine how to accommodate a $ 4 trillion -dollar extension of Trump’s tax discounts for 2017 and help him follow up the campaign pledges to cancel tax exemptions on advice, additional salaries and social security.
Its total tax promises can be approximately $ 10 trillion, and there is a federal deficit of $ 36 trillion, CNBC said.
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